German clothing manufacturer Ahlers` Q1 FY20 sales fall 56% to €22 mn

Fashion

22 Apr `21

2 min read

Ahlers AG, a Germany-based manufacturer of men’s and women’s fashion products, has reported 56.3 per cent revenues decline to €22.4 million in its first quarter (Q1) FY21 ended on February 28, 2021, compared to the revenues of €51.2 million in same period previous fiscal. The company’s net loss for the period was €8.3 million (Q1 FY20: income €1.6 million).

Ahlers AG, a Germany-based manufacturer of men`s and women`s fashion products, has reported 56.3 per cent revenues decline to €22.4 million in its first quarter (Q1) FY21 ended on February 28, 2021, compared to the revenues of €51.2 million in same period previous fiscal. The company`s net loss for the period was €8.3 million (Q1 FY20: income €1.6 million).#

“In the first three months, far-reaching lockdown measures were again in place in nearly all European countries, which largely affected the stationary fashion retail trade,” Dr Stella Ahlers, CEO at Ahler’s, said in a press release.

Ahlers AG, a Germany-based manufacturer of men`s and women`s fashion products, has reported 56.3 per cent revenues decline to €22.4 million in its first quarter (Q1) FY21 ended on February 28, 2021, compared to the revenues of €51.2 million in same period previous fiscal. The company`s net loss for the period was €8.3 million (Q1 FY20: income €1.6 million).#

“Against this background, the business performance in the first quarter of 2020/21 was in line with our expectations. Currently we are focusing on the implementation of our comprehensive performance programme “New Tomorrow”. This way, we want to make the company future-proof,” Ahlers said.

Ahlers AG, a Germany-based manufacturer of men`s and women`s fashion products, has reported 56.3 per cent revenues decline to €22.4 million in its first quarter (Q1) FY21 ended on February 28, 2021, compared to the revenues of €51.2 million in same period previous fiscal. The company`s net loss for the period was €8.3 million (Q1 FY20: income €1.6 million).#

Ahler’s gross profit for Q1 FY21 dropped to €10.6 million (€26.3 million), whereas EBITA registered a loss of €5.8 million (earnings: €3.9 million). The company’s e-commerce sales grew 20 per cent during the reported period.

Ahlers AG, a Germany-based manufacturer of men`s and women`s fashion products, has reported 56.3 per cent revenues decline to €22.4 million in its first quarter (Q1) FY21 ended on February 28, 2021, compared to the revenues of €51.2 million in same period previous fiscal. The company`s net loss for the period was €8.3 million (Q1 FY20: income €1.6 million).#

Sales of group’s premium brands were down 57.1 per cent to €16.5 million (€38.5 million), while jeans and workwear segment sales plunged 53.5 per cent to €5.9 million (€12.7 million).

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